Blending archival work, ethnography, and cultural analysis with memoir, graphic arts, and science fiction, Queer Chimerica unpacks the ways in which the transnational circulation of queer culture, politics, and institutions are structured through the antagonist interdependence of China and the United States. By examining the intersecting timelines of the rise of queer theory and the rise of China in the late Cold War era, Shana Ye explores the relationship between the discourse of queer fluidity and capital’s demands for labor flexibility. Drawing on rare archival material and oral historical accounts of queer life from the 1950s to the late 2010s, the author shows how these accounts make sense of the variegated landscapes of desires, transformations, and conundrums in postsocialist China. The author illustrates party cadres in the Cultural Revolution, tongzhi activism mediated by the explosive politics of Tiananmen upheaval, HIV/AIDS community outreach workers, feminist artists and digital activists, leftist queer theorists, and fictional bio-engineers, layering these vivid depictions to reveal the poetic messiness of queer world-making. Queer Chimerica offers insight into the governmentality of LGBT rights, the rules of legibility and recognition, the geo- and bio-politics of identity, and the class-ridden appropriation of queer history and community. Thus understanding the production of queerness unveils the uneven distributions of capital, knowledge, affect, and opportunity that reproduce queer precarity and agency.